Lawmakers urge US to tighten restrictions on SMIC
Reuters, WASHINGTON
Two key Republican lawmakers on Tuesday urged US President Donald Trump’s administration to bolster new rules adopted on Friday last week aimed at preventing China’s biggest chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), from gaining access to advanced US technology.
US Senator Marco Rubio and US Representative Michael McCaul wrote in a letter that the Entity List designation by the US Department of Commerce was not strict enough and should be rewritten to close “dangerous loopholes that would allow nearly all sales to SMIC to continue without restriction and support the [Chinese Communist Party’s] stated goal of military preeminence.”
Industrial, supply chains to get big boost
Pub Date:2020-12-22 08:34
Source:China Daily
More independent, controllable links to guard against risks, aid global economy
Building more independent and controllable industrial and supply
chains will help China better cope with short-term risks amid the
COVID-19 pandemic and deeply participate in the reconstruction of global supply chains for long-term benefits, experts and company executives
said on Monday.
The comments came after the annual tone-setting Central Economic Work Conference, which concluded on Friday in Beijing, outlined key tasks
for next year in eight aspects, including efforts to improve industrial
and supply chains to create a more independent and controllable
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On Friday the Trump administration blacklisted China’s top chipmaker, limiting Semiconductor Manufacturing International Corp.’s access to advanced U.S. technology because of its alleged ties to the Chinese military. SMIC denies such ties.
The blacklisting as well as the new coronavirus scare have diluted any potential boost from the approval by Congress of a $900 billion relief effort for the economy that includes $600 in cash payments for most Americans, extra benefits for laid-off workers and other financial support. The legislation is now awaiting approval by President Donald Trump.
Economists and investors have been clamoring for such aid for months.
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China said it would retaliate.
Secretary of State Mike Pompeo said the restrictions affected officials believed to be responsible for or complicit in repressing religious practitioners, ethnic minority groups, dissidents and others. China’s authoritarian rulers impose draconian restrictions on the Chinese people’s freedoms of expression, religion or belief, association, and the right to peaceful assembly. The United States has been clear that perpetrators of human rights abuses like these are not welcome in our country, he said in a statement.
U.S.-China relations have plunged to their worst level in decades as the world’s top two economies spar over issues ranging from the coronavirus outbreak, Beijing’s national security law for Hong Kong, trade and espionage.
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